Bangladesh has appointed Chowdhury Ashik Mahmud Bin Harun as chairman of Invest Bangladesh Authority under Prime Minister’s Office for a one-year contractual term, according to a government notification issued Sunday.
Invest Bangladesh formally began operations Thursday after the government merged three agencies in an effort to streamline services and reduce barriers for investors.
Bangladeshi businesspeople in the United Arab Emirates (UAE) are considering investing Tk1,000 crore (approximately $80.8 million) in Bangladesh if the government eases approvals and provides land, infrastructure, and investment protections.
Bangladesh has cut combined import duties and taxes on green chilies and tomatoes to 20.5% from 61% for one month, seeking to boost supply and ease prices.
Bangladesh plans to establish modern meat processing centers in every district as part of an effort to expand safe processing, preservation and eventual exports, state minister for fisheries and livestock Sultan Salahuddin Tuku said.
Prime minister Tarique Rahman invited American companies to make long-term investments in Bangladesh, saying private-sector growth could create jobs, expand trade and deepen economic ties with the United States.
American Chamber of Commerce in Bangladesh leaders have pledged to help facilitate and mobilize an additional $5 billion in investment over the next five years through existing members and prospective American companies.
Bangladesh Prime Minister Tarique Rahman said Sunday that maintaining peace and public order is essential for attracting investment, establishing factories and creating jobs.
Delta Pharma has begun work on a $100 million pharmaceutical manufacturing complex in Bangladesh’s National Special Economic Zone in Mirsarai, with commercial production targeted for 2029.
Bangladesh plans to establish an industrial park on about 400 acres in Bogura to accommodate growing demand from small and medium-sized enterprises, commerce, industry and textiles minister Khandakar Abdul Muktadir said Saturday.
